76 EAST AVE TX 78701
| Owner | PALAK INVESTMENTS INC |
|---|---|
| Parcel ID | 0203031033 |
| Short ID | 190911 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 152,174 SF |
| Land SF | 13,440 SF |
| Acres | 0.309 |
| Year Built | 2021 |
| Legal | LOT 6 BLK 1 OLT 72-73 DIV E DRISKILL & RAINEY SUBD |
| Neighborhood | 1CBDR |
| Land | $6,720,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,720,000 |
| Improvement | $13,280,000 |
|---|---|
| Total Improvement | $13,280,000 |
| Market | $20,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $20,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $20,000,000 |
| Taxable Value | $20,000,000 |
|---|
Appreciation: Market value has risen +3079.7% from $628,992 (2021) to $20,000,000 (2025), a CAGR of 137.5% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has outpaced the broader land/vacant market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $409,297. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Land / Vacant. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 34% of market value ($6,720,000 land vs $13,280,000 improvements), about $500/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $20,000,000, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +137.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,510,118,709 by 2030, with an estimated annual tax burden around $606,757. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 152,174 SF | ✓ |
Market value changed by 1728% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $148,032.00 | $148,032.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $83,842.72 | $83,842.72 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $60,135.20 | $60,135.20 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $18,883.68 | $18,883.68 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $16,544.00 | $16,544.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $327,437.60 | $327,437.60 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $22,476,040 | $20,000,000 | +12.4% |
| Assessed Value | $22,476,040 | $20,000,000 | +12.4% |
| Land Value | $6,720,000 | $6,720,000 | +0.0% |
| Improvement Value | $15,756,040 | $13,280,000 | +18.6% |
| Taxable Value | $22,476,040 | $20,000,000 | +12.4% |
| Total Tax 2026 = estimate |
~$459,969
Estimated
|
~$327,438
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $33,124,424 | $22,476,040 | -10,648,384 (-32.1%) |
| Taxable Value | $33,124,424 | $22,476,040 | -10,648,384 (-32.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $22,476,040 | $6,720,000 | $15,756,040 | — | $22,476,040 | $22,476,040 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $20,000,000 | $6,720,000 | $13,280,000 | — | $20,000,000 | $20,000,000 | ~$327,438 | Partial |
| 2024 | $19,500,000 | — | — | −$15,660,192 | $3,839,808 | $— | $525,181 | Verified |
| 2023 | $11,500,000 | — | — | −$7,660,000 | $3,840,000 | $— | $352,803 | Verified |
| 2022 | $— | — | — | — | $1,397,760 | $— | $227,116 | Verified |
| 2021 | $628,992 | — | — | — | $628,992 | $— | $13,691 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +65.6% | +65.6% | ~100% | Not available | Partial |
| 2025 | -24.5% | -24.5% | ~100% | Not available | Partial |
| 2024 | +35.9% | +35.9% | ~100% | 1.9800% | Verified |
| 2023 | +69.6% | +69.6% | ~100% | 1.8100% | Verified |
| 2022 | +1728.3% ! | +1728.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3079.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +12.4% | +453.2% | +132.2% | +1728.3% | 2023 | +2.6% | 2025 |
| Assessment Ratio | 100.0% | 70.6% | — | 100.0% | 2021 | 19.7% | 2024 |
| Effective Tax Rate (2025) | 1.6400% | 1.6400% | — | 1.6400% | 2025 | 1.6400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$327,438 | $304,778 | ~$521,846 | $525,181 | 2024 | $13,691 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$47,492,629 | ~$22,000,000 | ~2.0139% | ~$443,066 | +137.5% |
| 2027 | ~$112,777,492 | ~$24,200,000 | ~1.9814% | ~$479,496 | +463.9% |
| 2028 | ~$267,804,981 | ~$26,620,000 | ~1.9488% | ~$518,781 | +1239.0% |
| 2029 | ~$635,938,136 | ~$29,282,000 | ~1.9163% | ~$561,128 | +3079.7% |
| 2030 | ~$1,510,118,709 | ~$32,210,200 | ~1.8837% | ~$606,757 | +7450.6% |
| 2026 | ~$47,092,629 | ~$22,000,000 | ~2.0465% | ~$450,227 | +135.5% |
| 2027 | ~$110,885,787 | ~$24,200,000 | ~2.0465% | ~$495,249 | +454.4% |
| 2028 | ~$261,095,163 | ~$26,620,000 | ~2.0465% | ~$544,774 | +1205.5% |
| 2029 | ~$614,782,887 | ~$29,282,000 | ~2.0465% | ~$599,252 | +2973.9% |
| 2030 | ~$1,447,587,131 | ~$32,210,200 | ~2.0465% | ~$659,177 | +7137.9% |
| 2026 | ~$47,892,629 | ~$22,000,000 | ~1.9977% | ~$439,486 | +139.5% |
| 2027 | ~$114,685,197 | ~$24,200,000 | ~1.9488% | ~$471,619 | +473.4% |
| 2028 | ~$274,628,782 | ~$26,620,000 | ~1.9000% | ~$505,784 | +1273.1% |
| 2029 | ~$657,634,723 | ~$29,282,000 | ~1.8512% | ~$542,067 | +3188.2% |
| 2030 | ~$1,574,792,802 | ~$32,210,200 | ~1.8024% | ~$580,547 | +7774.0% |
In 2025, this property's market value of $20,000,000 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 235× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $20,000,000 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $19,500,000 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | $11,500,000 | $25,000 | $71,500 | $271,439 | ↑ Top 25% | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $628,992 | $6,000 | $14,480 | $80,000 | ↑ Top 25% | base yr |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.